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5041 Iowa Street, Indianapolis
$30,000
Build your vision on this residential lot located at 5041 Iowa St in Indianapolis. Tucked into an established neighborhood, this parcel offers a great opportunity for a new construction home or long-term investment in a steadily growing area on the southeast side of the city. With utilities nearby and convenient access to major roadways, commuting to downtown Indianapolis, Fountain Square, and surrounding amenities is simple and efficient. The lot provides a manageable footprint ideal for a single-family home, with space to incorporate outdoor living, a garage, or additional landscaping to enhance value and appeal. Whether you're a builder looking for your next project or a buyer ready to create a custom home, this property offers flexibility and potential.

5041 Iowa Street, Indianapolis

Listing courtesy of Maria Lasher. eXp Realty LLC

402 E 32nd Street, Indianapolis
$100,000
An incredible opportunity awaits with this expansive corner lot offering over 7,300 square feet of buildable potential. Ideally located just minutes from downtown and the Monon Trail, this property places you near some of the city's most desirable amenities-shopping, dining, and entertainment-while still offering the space and flexibility to create something truly special. Surrounded by ongoing residential development and newly constructed homes, this lot is perfectly positioned for long-term value and growth. The prominent corner placement allows for enhanced curb appeal, multiple design possibilities, and a strong presence within the neighborhood. Whether you're an investor or a future homeowner, this is the perfect canvas to bring your vision to life. Bring your architectural plans and start building your dream home in a location that continues to evolve and attract attention.

402 E 32nd Street, Indianapolis

Listing courtesy of DeAnna Andrew. BLK Key Realty

3701 N German Church Road, Indianapolis
$600,000
Discover the potential of this 6.12-acre wooded tract, ready for its next owner and vision. Currently zoned agricultural, this undeveloped property offers a rare blend of privacy, accessibility, and visibility with direct road frontage and a location adjacent to the Marathon gas station-making it an ideal opportunity for investment or future development (subject to zoning and local approvals). The wooded landscape provides natural beauty and a blank canvas, while the proximity to an established commercial landmark adds long-term value and convenience. Whether you're looking to hold land, build for agricultural purposes, or explore future possibilities, this property offers flexibility and location that are hard to find. Utilities nearby. Buyer to verify zoning, permitted uses, and development options.

3701 N German Church Road, Indianapolis

Listing courtesy of Landon Buesching. 1 Percent Lists Indiana Real Estate

4702 Lesley Avenue, Indianapolis
$21,500
This beautiful lot located in the First Devington neighborhood at 4702 Lesley Avenue, is just waiting for you to build your dream home in this established community. A large, wooded lot with mature trees, a creek, and a generous .46 acres combines the tranquility of a small neighborhood with the convenience of nearby shopping, schools, churches, etc. Please note that due to the creek running through the back of the property, a portion of the property is located within a designated flood zone. However, the lot's size and outline provide a great opportunity to build a home that suits your lifestyle at an affordable price. Since clearing of the lot has already begun, it will reduce your site costs. Water and electricity are already on the site and gas is available nearby. This is a rare opportunity to purchase an available lot in a quiet neighborhood near the city.

4702 Lesley Avenue, Indianapolis

Listing courtesy of Kim Barber. F.C. Tucker Company

4710 N Lesley Avenue, Indianapolis
$9,500
Discover the perfect canvas for your vision at 4710 Lesley Ave, a hidden gem nestled in the heart of the quiet and established Devington neighborhood. Spanning a generous .41 acres, this expansive vacant lot offers a unique blend of suburban peace and natural beauty on Indianapolis's northeast side. The property is beautifully wooded, providing a lush, private canopy that feels miles away from the city hustle while remaining conveniently close to local amenities. What truly sets this lot apart is the scenic creek meandering through the grounds, offering a serene backdrop and a touch of local wildlife right at your doorstep. Please note that due to the creek's presence, the property is located within a designated flood zone; however, for the right buyer with a creative eye, this is an incredible opportunity to design a custom elevated build or a tranquil recreational retreat. Whether you're looking to invest or build something truly unique, this lot offers unmatched character and potential in a friendly residential setting.

4710 N Lesley Avenue, Indianapolis

Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N

2857 Spruce Street, Indianapolis
$59,000
Exceptional opportunity to own a large vacant lot in Indianapolis, IN, offering endless potential for development or investment. Whether you are a builder looking for your next project, an investor seeking long-term land appreciation, or a homeowner ready to design a custom residence, this property provides the space and flexibility to bring your vision to life. With generous lot dimensions, this parcel allows for a variety of residential possibilities (buyer to verify zoning and permitted uses). Utilities are available nearby, and the property offers convenient access to major roadways, downtown Indianapolis, schools, parks, and local amenities. Secure land today and capitalize on the opportunity to build in one of Indianapolis' expanding corridors. Don't miss this chance to invest in land with space, location, and potential. Gas, municipal water, and wastewater are available for connection.

2857 Spruce Street, Indianapolis

Listing courtesy of Juan Cassella. F.C. Tucker Company

2814 Draper Street, Indianapolis
$39,000
Prime opportunity in the heart of Indianapolis! This residential lot offers an excellent opportunity for builders, investors, or buyers looking to construct a custom home in an established neighborhood. Conveniently located near downtown Indianapolis, Fountain Square, and major highways, this property provides easy access to dining, shopping, schools, and employment centers. The lot offers great potential for new construction with utilities available nearby (buyer to verify). Surrounded by ongoing development and revitalization, this area continues to see strong growth and demand. Whether you are planning a primary residence, a rental investment, or a spec build, this is a strategic location with long-term upside. Don't miss the chance to secure land in a rapidly developing corridor of Indianapolis!

2814 Draper Street, Indianapolis

Listing courtesy of Juan Cassella. F.C. Tucker Company

5740 S Emerson Avenue, Indianapolis
$479,000
Outstanding Development Opportunity - SELLER FINANCING -Available to qualified purchasers, with appropriate down payment and payoff schedules. Position your next office project on one of South Indianapolis' most active commercial corridors - One of the few shovel-ready office development sites remaining on South Emerson Avenue. 5740 S Emerson Ave offers 1.80 acres zoned C-1 (Office) with 199 feet of frontage and full curb cut providing full-in/full-out access-a rare combination of visibility and easy site circulation for virtually any office concept (medical, professional, service office, or owner-user). This site delivers an enormous head start on development: an existing stormwater drainage system with Aqua-Swirl unit and detention pond is already in place, sized for full buildout-a major time and cost advantage that can streamline civil design and accelerate your schedule. RECENT AREA DEVELOPMENT - Surrounding investment continues to elevate the appeal of this corridor with new retail development at Emerson & Thompson including new Wawa, Chick-fil-A, and Crew Carwash, as well as a recently added Kroger, VASA Fitness and Dutch Bros Coffee. Additionally, a proposed apartment development immediately south adds future demand from a growing residential base-ideal for professional services and office users. With 38,000+ vehicles per day and nearly immediate access to I-465 and I-65, this location checks all the boxes developers and end-users want: clean site, strong traffic, strong growth, and reduced upfront infrastructure cost.

5740 S Emerson Avenue, Indianapolis

Listing courtesy of Michael Huff. Keller Williams Indy Metro Partners

1901 S Meridian Street, Indianapolis
$219,000
Near Downtown Indianapolis Mixed-Use Development Opportunity. Four contiguous commercial lots for sale. These parcels offer mixed-use potential, ideal for a combination of residential, retail, office, hospitality, or entertainment concepts (subject to zoning and approvals). Surrounded by businesses, new developments, dining, and cultural attractions, the site benefits from strong visibility, walkability, and access to public transit. Downtown Indianapolis continues to experience steady growth, making this an opportunity for investors and developers seeking land for development. Whether you envision a mixed-use project or a strategic land hold, these lots provide a rare chance to build in one of the city's most dynamic and evolving areas. Inquire today for zoning details and parcel dimensions.

1901 S Meridian Street, Indianapolis

Listing courtesy of Jen Mattos. Garnet Group

7425 Mount Herman Avenue, Indianapolis
$28,000
Nestled in the established Chapel Hill-Ben Davis area of Indianapolis, this 3,703 sq ft vacant lot offers a great opportunity to create something new. Set within a quiet residential neighborhood, the location balances peaceful surroundings on a dead end road with easy access to city conveniences. Whether your plans include building a custom home or pursuing an investment project, this property offers a versatile foundation to bring your vision to life. Enjoy close proximity to downtown Indianapolis, the Indianapolis International Airport, and popular destinations such as White River State Park, the Indianapolis Zoo, and Eagle Creek Park-one of the largest municipal parks in the nation. Nearby shopping, dining, and schools add everyday convenience, making this an appealing location for future development. With thoughtful planning, this lot has the potential to become something truly special.

7425 Mount Herman Avenue, Indianapolis

Listing courtesy of Melody Owen. Carpenter, REALTORS®

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


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